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first lady michelle obama. now, the latest washington post poll puts the first lady's favorable rating at 69%, just behind barbara bush. but more popular than hillary clinton and laura bush. alison samuels, it's good to have you here. i appreciate it. >> thank you. thank you for having me. >> all right. so everyone want to know if michelle obama would follow into the political for she has said that she's not interested in politics but it hasn't stopped people from asking that question. >> no, it doesn't. >> when she appeared at the democratic convention in september, i think people were reminded of how smart and engaging she is and that started the chatter of, what if she ran for public office given that she's or the of able to galvanize people with her speech, her smile, with her sort of -- she's so passionate about everything that she talks about, all of her initiatives. she really pushes very hard for. i think a the lo of people are wondering, even though she doesn't want to be a politician, what kind of rol
first lady michelle obama. now, the latest washington post poll puts the first lady's favorable rating at 69%, just behind barbara bush. but more popular than hillary clinton and laura bush. alison samuels, it's good to have you here. i appreciate it. >> thank you. thank you for having me. >> all right. so everyone want to know if michelle obama would follow into the political for she has said that she's not interested in politics but it hasn't stopped people from asking that...
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lost its top credit rating. got some good news from automakers. november was the best month for u.s. auto sales since january 2008. >>> our fourth story, showdown. john boehner today gave president obama a taste of his own medicine, putting out his proposal. i spoke with tom coburn this hour and he said the deal boehner's put on the table is the best compromise out there. listen. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff. >> if you read though, the boehner proposal carefully, no tax rate increases, which we know is a nonstarter for the president. so where does that leave us? john avlon is here to help us read through the lines of the deal, also crunch some of those numbers. first, we're talking about the $800 billion figure. that's in the lert john boehner wrote to the president. >> right. there is no numbers breaking that down. it's a where's the beef question. bumper sticker, we have the numbers but no details. boehner's aides will say that's where the negotiations come in. the devil's i
lost its top credit rating. got some good news from automakers. november was the best month for u.s. auto sales since january 2008. >>> our fourth story, showdown. john boehner today gave president obama a taste of his own medicine, putting out his proposal. i spoke with tom coburn this hour and he said the deal boehner's put on the table is the best compromise out there. listen. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff....
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the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are l
the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear...
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president obama's approval rating jumps to any highs, his best in three years. where does congress rank? you might not be surprised on that one. and forbes unveils its most powerful list. who comes out on top. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ male announcer ] taste it and describe the indescribable. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> good morning. i'm thomas roberts. top
president obama's approval rating jumps to any highs, his best in three years. where does congress rank? you might not be surprised on that one. and forbes unveils its most powerful list. who comes out on top. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food...
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. >> we're going to have to have higher rates. it's not me being stubborn or partisan. it's just a matter of math. >> this is a continuation of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you mean my whole fallacy is wrong. >> i'm happy to be flexible. i recognize i'm not going to get 100%. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and not much time to do it. as for us, we're counting down the minutes to house speaker john boehner who will be lighting the capitol christmas tree 234 just about an hour. if you're among the wealthiest of americans, then, boy, does boehner have a gift wrapped for you. in republicans' counteroffer to avert the fiscal cliff, the rich get to keep their bush era
. >> we're going to have to have higher rates. it's not me being stubborn or partisan. it's just a matter of math. >> this is a continuation of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you...
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the top rate going to go up to 44%, including obama care. i think these two companies are going to offer great opportunities at these levels with their valuations to investors in a marketplace. >> what's very interesting, keith isn't with us but one thing i know he wanted to talk about was why he wasn't going to recommend buying guess even though they had a special dividend. that's a very interesting situation where a company's fundamentals may not be up to snuff. when does the special dividend get in the way or fool people into buying something they ought not be buying? >> i'll tell you one thing. i think over the next 6 to 12 months investors are not going to be so keen to get involved in companies that have these dividend because they know what they're going to get taxed on. you're going to see a rotation going into muni bonds. in the short term i think it will be a benefit to investors to have these companies. over the longer term they'll have to rethink in terms of the companies that are issue is these special dividend. >> thank you, ap
the top rate going to go up to 44%, including obama care. i think these two companies are going to offer great opportunities at these levels with their valuations to investors in a marketplace. >> what's very interesting, keith isn't with us but one thing i know he wanted to talk about was why he wasn't going to recommend buying guess even though they had a special dividend. that's a very interesting situation where a company's fundamentals may not be up to snuff. when does the special...
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. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money comes from. if you have a revenue target, then fine. but we need $800 million in revenue. john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be
. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money...
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higher jump in interest rates. overall we're still bullish. we're housing bulls. we see no reason based on the news from toll today to change that constructive view on the housing market. >> you mentioned in your note vertical development. anybody who lives in manhattan is starting to see a toll sign on a ten story condo building in mid town. is that a vanity play and material to quarters to come? >> urban infill is 20% of tolls ref few base. it's a long-term strategy. extremely high quality builder. they have expertise to go vertical in new york. it's a highly profitable segment. this is something which will continue to drive strong profit growth for toll brothers. >> interesting. not something you would think of immediately but something to watch. thanks for your time. >> thanks for having me. >>> from homes to mobile phone makers and a bid to raise some much needed cash. nokia signed a deal to sell and lease back its headquarters in finland. the unprofitable handset maker sold its building for about $220 million
higher jump in interest rates. overall we're still bullish. we're housing bulls. we see no reason based on the news from toll today to change that constructive view on the housing market. >> you mentioned in your note vertical development. anybody who lives in manhattan is starting to see a toll sign on a ten story condo building in mid town. is that a vanity play and material to quarters to come? >> urban infill is 20% of tolls ref few base. it's a long-term strategy. extremely...
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were going to raise tax rates on the wealthiest 2% and keep rates where they are for the middle-class. >> i think president obama can certainly say that he has got a different outlook on what america should look like, what america's role in the world should be, and a different outlook about the economic future of america. i think he truly believes his ideas. i don't think he's right in those beliefs and those outlooks because i think the human nature is to be free. the human instinct is to be free. free from overtaxation, free from overregulation, free from overlitigation. and until we free up the entrepreneurs in this country, we are going to struggle economically as a nation. there will be pockets around the country where freedom still matters, where -- there is still a land of opportunity in america. it's called texas. >> anyway, they'll be more than -- we don't want you to secede now. how about five states? we're going to ask you about that. you're allowed to split into five states, aren't you? we could use those ten senators. are you allowed to do that? >> i'll be real honest wit
were going to raise tax rates on the wealthiest 2% and keep rates where they are for the middle-class. >> i think president obama can certainly say that he has got a different outlook on what america should look like, what america's role in the world should be, and a different outlook about the economic future of america. i think he truly believes his ideas. i don't think he's right in those beliefs and those outlooks because i think the human nature is to be free. the human instinct is...
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doing a deal to raise those rates. where all bush cuts on all tax brackets expire at the end of the year. that is something that gives president obama a lot of clout right now. you can agree or disagree with the president obama policy that is for you to decide. congressman happens to disagree strongly but recognizes that the political reality that all tax cuts will expire on january 1st. >> in my view, we all agree that we are not going to raise taxes on people that make less than $250,000. we should take them out of this discussion right now and continue to try to work for a bigger deal. >> congressman cole cubelal colr a lone voice for the conservatives. i'm quoting now, the fact is that republicans face a new political reality on taxes. president obama's position means that taxes are going you up one way or another. congressman cole as you heard, they believe they should give this one to the president not because they want to, but because they have to. republican leaders though, they disagree. >> i told tom earlier
doing a deal to raise those rates. where all bush cuts on all tax brackets expire at the end of the year. that is something that gives president obama a lot of clout right now. you can agree or disagree with the president obama policy that is for you to decide. congressman happens to disagree strongly but recognizes that the political reality that all tax cuts will expire on january 1st. >> in my view, we all agree that we are not going to raise taxes on people that make less than...
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. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -
. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope...
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are going to automatically increase, which means any lower tax rates president obama will ask for is tax cuts and not an argument you are raising taxes on someone. for all those reasons, the democrats have a lot of leverage in january but that does not mean the democrats should wait till january, what happens after december 31st is everybody can lose. the kind of pressure we have psychologically and politically right now to get a deal done before we hit 2013, that kind of pressure and deadline pressure and momentum you're not going to have after you're over the fiscal cliff. so every day that goes by after january 1st isn't going to look like that big of a deal and essentially, time will run out for both parties, you will have a lot of problems in 2013, they will take the lion's share away from fiscal dealmaking, senate confirmation, have the debt ceiling, the long-delayed nuclear negotiableses with iran, going to have posturing for the 2014 campaigns. all of those things are going to suck out the moment up that we have right now. so, yes, democrats are not as bad off as the republic
are going to automatically increase, which means any lower tax rates president obama will ask for is tax cuts and not an argument you are raising taxes on someone. for all those reasons, the democrats have a lot of leverage in january but that does not mean the democrats should wait till january, what happens after december 31st is everybody can lose. the kind of pressure we have psychologically and politically right now to get a deal done before we hit 2013, that kind of pressure and deadline...
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. >> you suggested the discussion about marshalling tax rates or taxes on the rich was a red herring in debt reduction. the problem that you have is right or wrong, obama has just won the election on that basic pledge to raise taxes. >> wrong, wrong, wrong! you know what, that makes no sense. how many people do you know that said i'm going to vote for the president to have more debt, and in an economy that can't grow it's way out of the issues? we currently only take in about 15.5% revenues. we need to get to 2021. >> i understand that. >> it's not a tax problem, it's a growth problem. and he has no growth plan. so then they blame others, because they don't have a plan. >> but he was able to get through the election doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it.
. >> you suggested the discussion about marshalling tax rates or taxes on the rich was a red herring in debt reduction. the problem that you have is right or wrong, obama has just won the election on that basic pledge to raise taxes. >> wrong, wrong, wrong! you know what, that makes no sense. how many people do you know that said i'm going to vote for the president to have more debt, and in an economy that can't grow it's way out of the issues? we currently only take in about 15.5%...
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and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two
and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt...
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election, president barack obama and mitt romney will meet face to face. the two candidates will have lunch at the white house in a few hours. before lunch, he will meet with his former running mate congressman paul ryan. >>> if you're wondering what's on that lunch menu, how about a healthy dose of humble pie for two politicians who dished out and received some pretty good beatdowns over the last several months? joining me now, cnn political analyst, roland martin, who leans left. go ahead, lean left. >> and cnn contributor will cain. >> a circle. >> you kill me. everyone knows it's political theater. americans aren't stupid. why put us through this, will? >> i think it's symbolically healthy. first of all, president obama said he wanted to do it. fulfilling that promise has value. i think to show the american people that politics is politics and people are people and there are things we can come together over, like food. hey, by the way, roland martin and i, who agree on very little -- and i don't even really like the guy -- had breakfast yesterday toget
election, president barack obama and mitt romney will meet face to face. the two candidates will have lunch at the white house in a few hours. before lunch, he will meet with his former running mate congressman paul ryan. >>> if you're wondering what's on that lunch menu, how about a healthy dose of humble pie for two politicians who dished out and received some pretty good beatdowns over the last several months? joining me now, cnn political analyst, roland martin, who leans left. go...
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voters is more unified democratic coalition support letting the tax rates expire. that's why i think you see democrats -- that's why you see democrats being much more adamant on that, certainly than they were in 2010. look, i think the country wants a zeal, and like ryan, i think we're going to get a deal. at some point in the next six months, we're going to end up with a tax rate for those at the top that is higher than it is now, but lower than it was under bill clinton. it's going to be messy getting there, but a higher rate for those at the top seems to be an inevitable outcome of this. >> speaking of messy, the progressives love to get on the bandwagon on that one issue. what are they going to do when the president starts moving against entitlements? >> well, you know, what's interesting on that, republicans gambled and lost, i think in the summer of 2011, president obama showed willingness to go much further on entitlements than he is today. he'll end up going further on a deal than he is now. but not as far as he would have then. he will have to confront his
voters is more unified democratic coalition support letting the tax rates expire. that's why i think you see democrats -- that's why you see democrats being much more adamant on that, certainly than they were in 2010. look, i think the country wants a zeal, and like ryan, i think we're going to get a deal. at some point in the next six months, we're going to end up with a tax rate for those at the top that is higher than it is now, but lower than it was under bill clinton. it's going to be...
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for the democratic governor's association think obama care, pants on fire and yosemite sam. here it is. >> not going to be a part of again socializing health care in the state of texas. ♪ >> the ipb, what that is will be a board that will tell you, bob, whether your level of productivity is worthy of receiving the rationed care that will be the result of obama care. ♪ >> anyway, the ad that got the most votes in the fail category was the one called join the fight to repeal obama care from conservative super pac restore america's voice. >>> that's hardball for now. coming up next, "your business" with j.j. ramberg. i think i did. oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date
for the democratic governor's association think obama care, pants on fire and yosemite sam. here it is. >> not going to be a part of again socializing health care in the state of texas. ♪ >> the ipb, what that is will be a board that will tell you, bob, whether your level of productivity is worthy of receiving the rationed care that will be the result of obama care. ♪ >> anyway, the ad that got the most votes in the fail category was the one called join the fight to repeal...
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. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point where we go over the cliff because of those higher tax rate pateryers, guys. >> all right, eamon. thank you. >> the talk continues, but none of it face to face. be sure to catch a liv
. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer...
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i think there are some compromise points, for example, raise the top rate almost to where obama wants it and fill it in a little bit with some reduction in deductions. that's not impossible to imagine. but i think the notion that the republicans don't have to put anything on the table, i think those days are over and it's time for them to say all right here's what we want. >> can't come as any surprise to the republicans no matter what they want to say about it the president wants to raise taxes and determined to raise taxes on the rich. it's one thing during the campaign he was specific and consistent on. it seems to me like they are even more upset about what they see his like of specificity on entitlements. let's play what we heard from his chief negotiator, tim geithner yesterday. >> we can't figure out what they need. they have to tell us. then we have to take a look at it and see if it makes sense for the american public. >> when will we see people putting something on the table or is that not going to happen until like the 30th, 31st of the month? >> well, what i would say is i
i think there are some compromise points, for example, raise the top rate almost to where obama wants it and fill it in a little bit with some reduction in deductions. that's not impossible to imagine. but i think the notion that the republicans don't have to put anything on the table, i think those days are over and it's time for them to say all right here's what we want. >> can't come as any surprise to the republicans no matter what they want to say about it the president wants to...
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on the tax rate? >> not exactly. well, yeah, i guess i am. >> you're saying to capitulate to obama who's -- we don't have a revenue problem, ann. >> we lost the election, sean. >> what was that? i mean joy. >> stop making sense, ann. >> we should have led with that. it is like ann coulter is admitting the republicans lost and some deal should be in order. >> when ann coulter is the sanest voice in your party it might be time to going back to being the wigs. it's a it tough time for republicans. she's right. the republicans at this point are negotiating the terms of their surrender on the tax issue. from a pr standpoint and a real standpoint they can't look like all they care about is defending those top 2% rates. >> absolutely. >> if i can go back to what joan said, i think the problem is that if you look at ann coulter even, feeds into the same thing, people like jim demint may be leaving the senate but it's like the movie "aliens" he's seated the host with the alien baby. >> oh, god. >> all these pe
on the tax rate? >> not exactly. well, yeah, i guess i am. >> you're saying to capitulate to obama who's -- we don't have a revenue problem, ann. >> we lost the election, sean. >> what was that? i mean joy. >> stop making sense, ann. >> we should have led with that. it is like ann coulter is admitting the republicans lost and some deal should be in order. >> when ann coulter is the sanest voice in your party it might be time to going back to being the...
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. >> reporter: president obama today didn't praise the deal, only expressed relief. >> all eyes will be on the stock market tomorrow, after the s&p's announcement friday night of the unprecedented downgrade of america's credit rating. >> stocks plummeted overnight in asia, europe is following suit this morning, as fear dominates wall street. now the focus turns to the fed, and investors are hoping for some good news later today, after suffering the worst day in two years. >> credit rating agency basically said, we no longer have faith in you, the united states government, because we no longer believe your political system is capable of basic ç competence. the basic competence necessary to pay your bills. that republican-made, self-inflicted crisis and the resolution to it created this current man-made self-inflicted crisis that we're in right now. one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against.
. >> reporter: president obama today didn't praise the deal, only expressed relief. >> all eyes will be on the stock market tomorrow, after the s&p's announcement friday night of the unprecedented downgrade of america's credit rating. >> stocks plummeted overnight in asia, europe is following suit this morning, as fear dominates wall street. now the focus turns to the fed, and investors are hoping for some good news later today, after suffering the worst day in two years....
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president obama and john boehner did the gangnam style, your approval ratings might go up. "outfront" tonight, tom mcclintock of the budget committee. thank you for taking the time. we just showed a lot of your colleagues going home on a wednesday night after working a three-day week. obviously, that's an image that frustrates so many americans. why are people going home before getting this done? >> well, unfortunately, we're not using the standard process where the house passes its version, the is that the passes its version, then a conference committee is very good in revolving impasses like this between the two houses. unfortunately, none of that's being used and i think that's one of the reasons why these things are blocking down now so regularly. we've abandoned a process that works very well when we use it. >> john boehner presented a plan to the president and in that plan, he put $800 billion in revenue from the wealthy on the table. he said he would close loopholes and those people would pay more money. you were a member of the tea party caucus and some in your cauc
president obama and john boehner did the gangnam style, your approval ratings might go up. "outfront" tonight, tom mcclintock of the budget committee. thank you for taking the time. we just showed a lot of your colleagues going home on a wednesday night after working a three-day week. obviously, that's an image that frustrates so many americans. why are people going home before getting this done? >> well, unfortunately, we're not using the standard process where the house passes...
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. >>> also, the ceo of accounting giant recently met with president obama. he say miss other ceos in that meeting agreed the tax rates for the wealthy have to rise as part of any fiscal cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... i'm with scottrade. >>> one of the most bizarre man hunts in recent memory is coming to
. >>> also, the ceo of accounting giant recently met with president obama. he say miss other ceos in that meeting agreed the tax rates for the wealthy have to rise as part of any fiscal cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus...
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, and when you look at the math, it doesn't work. >> president obama telling bloomberg tv the republicans' math just doesn't work. of course, the gop is delivering the same message about the white house plan. today, a bipartisan group of governors went to the white house and capitol hill, urging both sides to make a deal. two of those governors join me now. governor gary herbert of utah and jack markell of delaware, chair of the national governors association. welcome to you both. interesting day for you because you managed to talk to the president and john boehner, when they can't be bothered to talk to each other. so what did you discover? let me start with you, governor herbert. what was your take on the two meetings? >> well, we were honored to be invited. i think too many times, the states and governors have been overlooked and underappreciated and almost a second thought when it comes to some policies made so i applaud jack's leadership in getting us together in a bipartisan way through the national governors association. i thought we were well received. i think the president and th
, and when you look at the math, it doesn't work. >> president obama telling bloomberg tv the republicans' math just doesn't work. of course, the gop is delivering the same message about the white house plan. today, a bipartisan group of governors went to the white house and capitol hill, urging both sides to make a deal. two of those governors join me now. governor gary herbert of utah and jack markell of delaware, chair of the national governors association. welcome to you both....
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the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think most economists would agree that there is often more advantages in capping deductions than in just going for the rates, but i think there's a real political advantage for democrats looking ahead to battle after battle that we'll face down the road in getting republicans to cross that red line. it's sort of a scout, you might say. >> thank you both very much. >>> the united states opposed today's u.n. vote on the palestinian observer state. senator bob menendez saying it could inflame passions throughout the region. welcome to you, senator. >> good to be with you. >> explain to me why you feel so strongly that the palestinians shouldn't have been granted today this nonmember observer state status. >> well, what we announced today is that in fact, should they try to use their nonmember observer status, for the purposes of pursuing other organizations within the united nations such as the international criminal court, in an att
the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think most economists would agree that there is often more advantages in capping deductions than in just going for the rates, but i think there's a real political advantage for democrats looking ahead to battle after battle that we'll face down the road in getting republicans to cross that red line. it's sort of a scout, you might say. >> thank you both very much. >>> the united states...
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it's a matter that doesn't wait. >> our birth rate is going down. so, you know, this is -- our country is transforming. we know this. >> we do. and yet some people seem to be woefully disaviewing reality. not naming names. president obama uses his speech at the kennedy center honors to tout the virtues of sharing american culture the world. >> speaks to something that has always made this country great, the idea here in america more than any other place on earth, we are free to follow our own passions, explore our own gifts wherever they may lead us and people from all around the world come here to make sure that they, too, can provide us the incredible gifts that they have. >> one entertainer who continues to explore his own gifts, just not in bahrain, is party king andrew w.k. we will ask him about following one's passions when he joins us live in studio coming up next. ♪ it's so important to make someone happy ♪ when you give a child a toy, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could b
it's a matter that doesn't wait. >> our birth rate is going down. so, you know, this is -- our country is transforming. we know this. >> we do. and yet some people seem to be woefully disaviewing reality. not naming names. president obama uses his speech at the kennedy center honors to tout the virtues of sharing american culture the world. >> speaks to something that has always made this country great, the idea here in america more than any other place on earth, we are free...
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debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely wrong. it's fascinating president obama last july, july of 2011, said we can get $1.2 trillion in revenue where we don't have to raise marginal tax rates and close loopholes and julian says most economists agree, in fact, this won't add to the deficit. look, you're only talking about $89 billion a year of the tax dollars of top two drapes. julian and i will agree, however, this deal is not serious. you need to have a lot more on the table for entitlements and -- >> let me correct him on a couple of factual matters. we have already s
debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely...
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, saying it's okay if we raise rates a little bit for folks who make more than $250,000 a year. the world is not going to come to an end. there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustrating. >> the president has just said and i'm getting this reiterated to me from people who can actually hear what he's saying but saying to the leaders he's not opposed to tax reform. >> right. >> for you and the constituents that you represent, what is it for concession you're willing to bring to the table. what are you willing to give republicans the wiggle room that they need to provide something to their base to say okay we did not totally lose out on this deal? >> i'll give you an example of what we've already embraced, more than $1 trillion in spending cuts in the debt ceiling deal from last summer, almost $1.5 trillion in spending cuts only with no revenue at all, ev
, saying it's okay if we raise rates a little bit for folks who make more than $250,000 a year. the world is not going to come to an end. there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustrating. >> the president has just said and i'm getting this reiterated to me from...
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they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6 trillion clean. he wants it to come from higher tax rates. >> and i think it's fine say where you want to get the $1.6 trillion or $800 billion from. you ought to just call -- i want to get it from people who make more than $250,000 as opposed to trying to lock people into a formula. what you really need is money. >> you put it so simply, as if it's easy. i guess it is. i don't know why they're having such a difficult time with that. let me get your take on what senator jim demint said. he said house speaker john boehner's plan, which of course is raising $800 bi
they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6...
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i think that they're very sensitive to obama looking like he is leading on this. right? like during the health care debate there wasn't any -- there was some -- during the health care debate -- >> they claim they're not going to do anything until boehner's budget. >> as the clock ticks down, the pressure is going to be on to do something, get something done. >> trivia time we ask name the three governors who had that job, left it and now have it again. we told you it was a super easy one to answer and many of you did. jerry brown, might not only we have a clinton match i think we have a clinton-jerry brown rematch in the primaries in 2016. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me
i think that they're very sensitive to obama looking like he is leading on this. right? like during the health care debate there wasn't any -- there was some -- during the health care debate -- >> they claim they're not going to do anything until boehner's budget. >> as the clock ticks down, the pressure is going to be on to do something, get something done. >> trivia time we ask name the three governors who had that job, left it and now have it again. we told you it was a...
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are elements of the broad discussion we've been having in this town for a couple of years about tax rates, about entitlement spending, about deficits that have topped $1 trillion throughout the obama presidency. i suspect all of them eventually are going to get settled but they aren't going to get settled at the same time, including the debt limit increase. >> john harwood, thank you. >>> let's see where we do stand on the fiscal cliff deal. let's look at our "rise above" meter. time to stop talking and start actle. we were at a half-way point, now back to a quarter on the "rise above" meter, closing to no deal than deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it di
are elements of the broad discussion we've been having in this town for a couple of years about tax rates, about entitlement spending, about deficits that have topped $1 trillion throughout the obama presidency. i suspect all of them eventually are going to get settled but they aren't going to get settled at the same time, including the debt limit increase. >> john harwood, thank you. >>> let's see where we do stand on the fiscal cliff deal. let's look at our "rise...
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now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff.; @&h(lc% this is a lucy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health care provisions to extend the life of medicare, and then ran against it, as being something that was stealing money from medicare. so it's not even just a matter of putting those ideas on the table, but willing to be consistent about it. but i think what you see right now from the white house is a deadly seriousness about this balance of getting our fiscal house in order, but also making sure we make the investments in the middle class to grow, and they're looking for a partner her
now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff.; @&h(lc% this is a lucy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and...
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his approval ratings have soared since the storm. he was lobbying obama for more federal aid for victims. he stopped by "the daily show" to talk about why he shifted from criticizing the president's leadership before the storm to praising it right before the election. >> it tells me people have different skill sets at different times. that's what it tells me. >> so he wasn't a leader until you needed leadership? >> maybe until he was presented with a stark opportunity to lead. >> with thousands protesting inside and outside the capitol, the republican controlled state legislature in michigan voted right to work legislation. it prohibits unions from collecting fees. critics say the move only applies to the private sector will weaken bargaining power for unions,s supporting including reich sni rick snyder says it will make them more competitive. the home, if you will, the unofficial home, of the labor movement, is now a right-to-work state. that's going to make for an interesting 2014 state campaign there. >>> the final race of 20912 e
his approval ratings have soared since the storm. he was lobbying obama for more federal aid for victims. he stopped by "the daily show" to talk about why he shifted from criticizing the president's leadership before the storm to praising it right before the election. >> it tells me people have different skill sets at different times. that's what it tells me. >> so he wasn't a leader until you needed leadership? >> maybe until he was presented with a stark...
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president obama essentially today said he's not willing to play that game. noting what happened in 2011 with the u.s. hurting its credit rating, just the political particular sis that brought on and said, look, we have been there. i'm not going to do that again. >> not to mention the white house and the president still, of course, would hold a strong hand even if the bush tax cuts were dealt with which you mentioned earlier. >> there are a few cards that the white house would be able to play even if republicans said, look, we'll meet your demands and pass the extension on tax cuts for those making $250,000 or less and still undissolved fights of the estate tax and fight with the actual tax rates would be in some type of tax reform and as well as how much willingness there would be from the white house and democrats on entitlement. the white house and democrats would have a type of say in that and still have a leverage and make no mistake. republicans with more leverage going in to february or march getting rid of this tax cut situation that's really putçó
president obama essentially today said he's not willing to play that game. noting what happened in 2011 with the u.s. hurting its credit rating, just the political particular sis that brought on and said, look, we have been there. i'm not going to do that again. >> not to mention the white house and the president still, of course, would hold a strong hand even if the bush tax cuts were dealt with which you mentioned earlier. >> there are a few cards that the white house would be...
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with the deal that involves raising tax rates president obama is ready over the cliff. joining as well, congresswoman martian blackwell. if given a choice would you take no deal of fall and over the cliff or you take a deal that includes higher tax rates on the rich? >> to raise tax rates on anybody is the wrong step. what we have said for a long time is cut the spending. look at revenue. stuart: i have today on this. would you absolutely positively say no, i will not vote for raising tax rates on the rich. i would rather go over the fiscal cliff. >> i don't want to go over the fiscal cliff, but i am not for raising the tax rates. you are not getting to the heart of the problem. it is continuing to sweep of the rock. stuart: you may come to a point where that is the twisted your facing. if he don't say yes on raising tax rates we will go over the cliff. when the going to do if push comes to shove at the very end of this month. >> and what we're trying to do them all we have been trying to do for years is to not come to this point. had we been addressing the need for a p
with the deal that involves raising tax rates president obama is ready over the cliff. joining as well, congresswoman martian blackwell. if given a choice would you take no deal of fall and over the cliff or you take a deal that includes higher tax rates on the rich? >> to raise tax rates on anybody is the wrong step. what we have said for a long time is cut the spending. look at revenue. stuart: i have today on this. would you absolutely positively say no, i will not vote for raising tax...
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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that...
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that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> hm. in other words, the day after the white house puts its opening bid on the table, the president comes out swinging. that opening bid didn't have a whole lot of concessions in it to the republicans, and the republicans reacted as many would have predicted. they were mad. basically saying that offer was an insult. today, house speaker john boehner doubled down. >> it was not a serious proposal. and so right now, we're almost nowhere. >> that doesn't sound good. republic
that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january...
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having a little bit of a slow response rate. in the swing states, look at where president obama's percentages are at. he did better in the swing states than overall. mitt romney's 47.2%. 12 swings states broadly outlined. we throw in pennsylvania and a minnesota among 0 others. the nonswing states, the president still has over 50.7% there. mitt romney, there's that number again, 47%. let's move on to the margin of victory in the swing states. the president had a four-point margin of victory in the nonswing states. it was closer to three points. let's move on to where he won and how it counted. here, 62% of electoral votes for the president. 332 out of 538. just six presidents, six presidents, have won at least two elections with 51% of the vote or more and not since eisenhower has any president done that. the president, though, only won 22% of all counties. that's the lowest percentage out of 689. that's the lowest percentage of counties that any one president had since 2008. when he had 28% of counties there. believe it or not,
having a little bit of a slow response rate. in the swing states, look at where president obama's percentages are at. he did better in the swing states than overall. mitt romney's 47.2%. 12 swings states broadly outlined. we throw in pennsylvania and a minnesota among 0 others. the nonswing states, the president still has over 50.7% there. mitt romney, there's that number again, 47%. let's move on to the margin of victory in the swing states. the president had a four-point margin of victory in...
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but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with the former chief of staff said. it's important to know that when erskine b
but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a...
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obama has been unequivocal over the fact that the top earners tax rate must return to the clinton era. he can introduce a tax plan that will accomplish all of his revenue goals. that's the rumbling that they are getting ready to cave and make it seem like they are not caving. the republicans are suddenly in control, blah, blah, blah blah blah. so i don't -- i'm getting confused on how the best way is for this to play out. [♪ "world news tonight" theme ♪] >> stephanie: you know president bad for business, jim? corporate profits have hit a record high while wages have hit a record low. corporation earnings are up 18.6% from a year ago. >> thanks to that socialist obama. >> stephanie: wages as a percentage of the economy are at an all-time low as this chart shows. i have a handy dandy chart once again. >> socialist, communist, hip hop barbecue. >> stephanie: thank you, skeeter. let's goo to jerry. >> caller: hey, steph. i was wondering during the fiscal cliff thing they are talking about putting medicare and everything on the block, couldn't they accuse the president of cutting $716
obama has been unequivocal over the fact that the top earners tax rate must return to the clinton era. he can introduce a tax plan that will accomplish all of his revenue goals. that's the rumbling that they are getting ready to cave and make it seem like they are not caving. the republicans are suddenly in control, blah, blah, blah blah blah. so i don't -- i'm getting confused on how the best way is for this to play out. [♪ "world news tonight" theme ♪] >> stephanie: you...
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that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there following the big movers. >> over the last couple of days the nasdaq has managed to move into positive territory for the month of november, back above 3,000. today one of the biggest movers is research in motion getting an upgrade at goldman sachs. one of the firms that sees them perhaps getting some traction with the blackberry 10 rollout in 2013. apple up today as well, up more than 1%. look what's happened this month. nasdaq composite has moved up without the help of apple. apple on track for the third straight monthly loss. what's really made the difference here? games. cisco, some of the big caps like cisco, gilead,
that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there...
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that is the lowest monthly unemployment rate since 2008 and lowest rate in president obama's presidency. nonfarm payrolls rose 146,000 in november. both above expectations. a little bit of a surprise because economists were expecting that hurricane sandy, the impact of hurricane sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but because the way the labor department counts full-time workers part time workers and whether people work at all, and when they work, it didn't show up in the headline numbers . one thing that did, 350,000 people left the workforce in november. that was one reason again why the unemployment rate dropped to 7.7%. ashley and tracy. ashley
that is the lowest monthly unemployment rate since 2008 and lowest rate in president obama's presidency. nonfarm payrolls rose 146,000 in november. both above expectations. a little bit of a surprise because economists were expecting that hurricane sandy, the impact of hurricane sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers....
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obama and his allies are less willing to look at these benefits programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk with you. >> stephanie: okay. >> caller: so many things to talk about, but i wanted to talk about the extremism that i see in the republican party. for me i'm an infantry officer, a software engineer. i have gone from voting republican and i lose myself as moderate republican, and conservative democrat somewhere in that -- >> stephanie: in the nuggety center. >> caller: yeah. the way this election has gone it has turned me very much to the left. the way the republicans have acted, they are turned me off from their party all together. >> stephanie: we welcome you into the soft cocoon of socialism. [♪ mysterious music ♪] >> stephanie: go ahead. >> caller: but the democratic
obama and his allies are less willing to look at these benefits programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk with you. >> stephanie: okay. >> caller:...
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president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc director and msnbc analyst. you introduced today in the house a discharge petition which is a way for normally the minority to try to get, to force a vote on something that the leadership doesn't want. this petition would basically bring to a vote in the house the bill that the senate passed, which is basically the president's version of the tax structure that he would like to see. what's happening with the d
president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we...